Diamond Castle Holdings
Diamond Castle Holdings is a private equity firm focused on leveraged buyout and growth capital investments in middle-market companies across a range of industries including the media, healthcare, financial services, power and industrial sectors.
|Predecessor||DLJ Merchant Banking Partners|
|Headquarters||New York, New York, U.S.|
|Ari Benacerraf, Michael Ranger, Andrew Rush, David Wittels|
|Total assets||$1.9 billion|
Number of employees
The firm, which is based in New York City, was founded in 2004. The firm has raised approximately $1.9 billion since inception.
In 2004, DLJMB co-head Larry Schloss, along with four senior members of DLJ Merchant Banking Partners, led a spinout from Credit Suisse to form a new private equity firm which would come to be known as Diamond Castle Holdings. In December 2006, the firm announced it had completed fundraising for a $1.85 billion private equity fund, known as Diamond Castle Partners IV (a reference to the three DLJMB funds previously raised).
- After the Summit, a Different Path. New York Times, December 15, 2006
- Moore, Heidi N. DLJ: Wall Street’s Incubator Wall Street Journal, March 10, 2008
- Former CSFB execs to launch new private equity firm. AltAssets, September 22, 2004